This study takes as its task the explanation of movements in the rate of inflation. It seeks to discover the dynamic process by which monetary expansion and changes in the rate of interest have their effects upon the level ...

Through the use of cross-spectral techniques, we identify the dependence of U.S. industrial energy consumption on the industrial production index and total non-farm employment over business cycles. In particular, total ...

Regional (EC) capital market integration is examined by monitoring the behavior of systematic risk vis-à-vis a single index time series return generating model. Evidence supports that the EC markets for securities have ...

In recent years, numerous studies have emphasized the role of real balances in the production function in terms of money being useful: as an intermediate good; as liquid reserves for investment; and also serving as a link ...

This paper studies a buyer-seller relationship where "quality" is not contractible but is affected by effort and the seller's privately known innate value. The seller's cost of effort is also private knowledge. Assuming ...

Die Türkei gehort zu den Landem, die vom Ende des Kalten Krieges und den damit einhergehenden geopolitischen Veranderungen in Eurasien am starksten betroffen sind. Sie befindet sich an zentraler Position in einem bunten ...

[No abstract available]

Although currency substitution is a widely observed phenomenon in both developed and developing countries, most of the studies on currency substitution in small open economies have focused on high inflation South American ...